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FNM: ‘Why BPL $184m debt not paid down by fuel hikes?’
The FNM’s finance chief yesterday said he is in the dark over why the proceeds from hiking Bahamas Power & Light’s (BPL) fuel charge by up to 163 percent have seemingly not been used to cut its $184m debt.
THE KDK REPORT: This life and the next
AT the start of a new year, it’s common practice as an adult to reflect on our lives. We assess our successes and failures throughout the preceding year and set goals for the near future. And every year, aside from wishing for more success, the hope ultimately is that we and our loved ones retain good health and even stronger relationships.
Waste, ‘political attitudes’, bar IMF’s hospital user fee plans
AN ex-health minister says “wastage”, combined with zero political appetite, means the IMF’s call for the imposition of hospital user fees on those “with greatest capacity to pay” is likely a non-starter.
Gov’t set to refinance $2.4bn in six months
THE Government has to refinance almost $2.4bn in maturing debt during the six months to end-June 2024, it has been revealed, with its euro-denominated liabilities almost doubling in percentage terms.
Deficit ‘on target’ despite beating full-year by $54m
The Government’s top finance official last night asserted that the fiscal deficit remains on target even though it exceeded the full-year target by $54.3m after just five months.
Gov’t doubles social assistance to $14m
“Front-loaded” salary increases for public sector workers were the main driver behind the $36.4m year-over-increase in the Government’s first quarter fixed-cost spending, it was disclosed yesterday.
Crime fears collapse $18m PI home sale
An $18m home sale in Paradise Island’s Ocean Club Estates collapsed yesterday after the buyer was spooked by The Bahamas’ crime woes, with a realtor warning: “We’re going to pay for that.”
Mingoes rain down goals on Inter-Nassau FC blues
THE University of the Bahamas men’s soccer team started off very slow against Inter-Nassau FC Blues Sunday in Bahamas Football Association action at The Roscow A.L. Davies Field.
Pintard: ‘Why did leading finance officials contradict each other?’
The Opposition’s leader yesterday challenged the Prime Minister to explain why The Bahamas’ two top finance officials “would openly contradict each other” over the Government’s recent $500m borrowing.
IMF: Those with means pay more for health and water
THE Government can slash “unproductive spending” by $116.5m and, in so doing, boost key public services if Bahamians with means pay more for water and access to public healthcare.
EDITORIAL: Do not turn a blind eye to those struggling
THERE is a problem that besets many in our nation that we sadly too often turn a blind eye to – the issue of homelessness.
Bahamas cool over IMF interest rate rise nudge
THE Bahamas has reacted coolly to persistent nudging from the International Monetary Fund (IMF) that it should raise short-term interest rates to narrow the gap with those in the US.
Good start
ActivTrades
Strong big-tech balance sheets lifted Wall Street into positive territory at the end of last week. However, disappointment over the latest US labour market report limited gains.
'No fear of contradiction' on Govt $500m loan use
The Ministry of Finance's top official last night denied that a recent $500m loan was used to pay-off a maturing government bond as the Opposition raised renewed concerns over the financing.
'Decade of contraction' ends with $50m credit expansion
The Central Bank's governor yesterday revealed "a decade of steady contraction" in lending to the private sector was halted by 2023's $50.3m credit expansion although mortgage activity remained "subdued".
Bahamas to grow 'in low 2% range' in '24
Improvements to workforce productivity and the ease of doing business are critical to boosting economic output with Bahamian GDP forecast to expand in "the low 2 percent range" in 2024.
Mullings and McCoy break national records
With personal best performances in six of the seven individual events, Ken Mullings combined his points total to improve on his own Bahamas national record in the men’s heptathlon, while producing a world-leading performance.
Albany chief faces ‘largest insider trading’ fine for decade at $50m
THE Bahamas-based billionaire who led Albany’s development will pay “the largest financial penalty for insider trading in a decade” at $50m after he yesterday pleaded guilty to perpetrating a securities fraud.
ALICIA WALLACE: Join in the call for global strike and ceasefire for Palestine
This week, I am participating in the strike for Palestine, and I invite you to join for the remainder of the week if you are not already participating. This global strike week is about disrupting business as usual.
8th annual cycling event eclipses $500K in fundraising for Exuma causes
The Tour de Turquoise, the charity cycling event that raises funds for vital causes in Exuma while boosting healthy living and community spirit, revealed today this weekend’s ride was the most successful in the event’s history, raising nearly $150,000 and pushing total donations since the event started past the half million-dollar mark.
